Lonmin to consider economic realities in wage talks with Amcu

EWN report that Lonmin Platinum says it will have the country’s economic realities in mind when it starts wage talks with the Association of Mineworkers and Construction Union (Amcu) next week.

The union has reiterated its demand for a R12,500 minimum wage per month, which amounts to a 56% raise. The strike led by Amcu in 2014 hit platinum producers hard, forcing them to cut jobs, close some mines and in some cases make cash calls to investors. Lonmin’s Sue Vey says they are optimistic they will find common ground. "We are aware of the economic realities of our current circumstances and we believe each party will have their stance, but we will find each other."